Market Chatter: HSBC Disbands Geopolitical Risk Team, Cuts Fewer Than 10 Roles

MT Newswires Live
07-18

HSBC Holdings (HSBC) is disbanding its geopolitical risk team, Bloomberg reported Friday, citing sources familiar with the matter.

The reduction will affect fewer than 10 roles across Asia, Europe, and other regions, the report said.

The team's responsibilities included assisting senior HSBC managers in identifying country-specific risks and occasionally advising clients, it noted.

Some employees have been offered the chance to apply for other positions within the bank, the report said.

HSBC didn't immediately reply to MT Newswires' request for comment

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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